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20121201
20121231
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and the president to get their act together. the president took a red eye flight back from hawaii. why did congress and the president go on raication at all. >> yeah, we all go to work. >> there is nothing on the table . kelley. >> a lot of people feel they are left in the lurch by the president and congress. and they didn't get the job done . here's what we are facing. we are teetering on the edge of the fiscal cliff. there are many members in congress who disaagree raising of tax. the president had gone up to $400,000 when house speaker boehner would raise the tax hikes . but the sticking point is enments and spending. >> clayton: the republicans saying that the president and democrats not forth coming enough on entitlements. here's what will unfold in a few short days as we break this down to you. >> put your seat belts on, people. >> clayton: tax rates will hit these numbers and you go up to 120,000 . you will see 31 percent up to 36 percent . in these tax rates as they climb up. >> here's the bottom line. average tax rate of 2,000 to $4000. it is an additional 13,944 . millionaire's status whi
to negotiate. president obama left hawaii early this morning, expected to land in washington next hour. senators will also be back, trying to craft a bill. we expect to hearing from him on the floor in moments. the house is still home. they'll hold a conference call with members today. to make matters worse, you say oh by the way, you'll hit the debt ceiling on monday. we also have ryan grimm. yeah, you. there you are. >>> it looks like they're pointing -- >> and politicians, and so what we're sealing is -- for deficit reduction. and spend seg cuts off their shoulders, and make it inevitable, saying, you know what? it didn't just happen to them. they pass the sequester, which contained severe, rapid definite at this time reduction. it was almost inevitable, almost the moment they passed the sequester. >> to you, ryan, i was alluding to how both sides are saying different things. two members of the house said this last hour. we had one democrat and one republican. take a listen. >> i think there's still a chance to get something done. that's what happened in the budget deal, i think tha
morning. >> reporter: well, good morning, rebecca. the president boarded air force one in hawaii early this morning and headed back to washington to deal with the so-called fiscal cliff. with just five days until the combination of automatic tax increases and spending cuts that could send the economy back into recession, the president wants congress to take the lead in getting the job done. the senate convenes later today and majority leader harry reid has told members to be prepared to work on fiscal cliff issues through the weekend. reid is working on his own plan to get members to come together before the end-of-the-year deadline. that plan would likely include letting the bush tax cuts expire for households making more than $250,000 a year and short-term spending cuts instead of the massive cuts that would occur if there is no deal. after a wednesday conference call, house republican leaders issued a statement saying they're waiting for the democratic-controlled senate to act. adding to an already volatile situation, treasury secretary tim geithner in a lette
to hawaii. the president may not go to hawaii -- >> come on. >> oh, stop it right now. >> there's no way. he's got to go to hawaii. it's his home! he was born there whether trump believes it or not. >> majority leader reid says he doesn't believe there will be a deal by christmas. >> partly because of the mechanics. another incentive, we're told if the deal stretches out, if there's no deal, if they're trying to fight over the fiscal cliff in january, senate democrats will be less eager to take on susan rice as the secretary of state nominee. they've said the president would win that fight. they don't want to worry about the massachusetts seat. but if they have all this stuff swap into january. >> a related issue -- >> no, i have a feeling this is not going to be related at all. >> very related. willie, what do you think the life expectancy is in new york city? >> male or female or just overall? >> anybody. what would you think? >> i'll say 81. >> it's 81. >> is it really? >> howard wolfson just tweeted -- >> i made that up. >> move to new york city. it is a remarkable thing. >> thanks. >> t
is cutting short his vacation to hawaii. he is returning to deal with economic matters, the fiscal cliff. if his death has been quietly talking with senate democrats are the christmas holiday to come up with a planned to avert or prevent the cliff. in the meantime, the senate does plan a session tomorrow. perhaps we will hear more about an agreement before the new year's deadline. the house is due tomorrow as well. we do not have an agenda and there. with the fiscal cliffhanging out there heading into the year 2013, do you have optimism or pessimism heading into the new ? you can also send in your comment via twitter, a post a comment on facebook, or write us an e-mail. the theme of optimism or lack of it is prevalent in the papers. wednesday with congress and the president heading back to washington. here is a headline on "usa today." in the wall street journal -- if the in "the washington post." we welcome your phone calls. we will get to them in a moment. we did find another piece at politico. there you have it in the papers this morning about people being optimistic or pessimistic ab
, it pushes someone else further down. host: hawaii. tell us about your situation, gino. caller: i have been on unemployed. -- on unemployment. host: do you mind same with your party affiliation is? caller: i am a democrat. host: what happens with your benefits after the end of the year if the -- we go over the fiscal cliff? caller: i do not really know. i just found out about it host: tell us about gino's situation. are there a lot of folks that do not know what is coming not? guest: a lot of these people do not know. a lot of these talks are in obscure details, and society operates on headlines. when neither did this leave when we look at this $30 billion, -- when we look at this $30 billion, it is nothing like the 1.6 trillion debt that the president is looking for in tax increases. who knows what will happen to the economy over that time. it is possible we pass the fiscal cliff with a good deal, and folks like goldman sachs and lloyd blankfein say the economy will takeoff, and if that is the case people will leave benefits because they have a job. host: if this is not addressed in the fi
inouye, and that service will take place in hawaii and it has created a challenge for us as it relates to the schedule. we understand that this is a difficult, difficult time. we need to work together to put in place pro-growth and economic policies. i think, as i said in my opening remarks, there is a bipartisan way to do that. commend the president for his proposal to lower the corporate tax rate. real tax reform -- this can be done in a bipartisan way. real entitlement reform does not hurt our fellow americans. that is something that can be done in a responsible way. i will simply say that this is not a perfect process, but it is the end of the session -- the process is going on right now to deal with a tough situation. we do not want afro-americans to be hurting, especially at this time of year -- we do not want our fellow americans to be hurting, especially at this time of year. i think we can see an agreement which will work to ensure that does not take place. mr. speaker, i urge my colleagues to support the rule, support the andrews -- underline legislation, both taxes and the e
Search Results 0 to 6 of about 7

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